Aquarius Platinum Wage agreement reached at Kroondal

 
TIDMAQP 
 
AQUARIUS PLATINUM LIMITED 
 
21 July 2014 
 
Wage agreement reached at Kroondal 
 
Aquarius Platinum Limited (Aquarius) advises that its wholly owned subsidiary, 
Aquarius Platinum (South Africa) (Proprietary) Limited ("AQPSA") has reached 
separate three-year wage agreements with the National Union of Mineworkers 
("NUM") and Solidarity in relation to their respective members employed at 
Kroondal. The agreements are effective from 1 July 2014, and will be applied to 
all employees within the respective bargaining units at Kroondal. The NUM 
represents the majority of Kroondal's semi-skilled work force, while Solidarity 
represents the majority of Kroondal's skilled work force. 
 
Measured on a cost to company basis the average increase slightly exceeds the 
increase in the cost of living as measured by inflation rate (CPI). 
 
Aquarius acknowledges with appreciation the critical contribution that the 
employees of Kroondal continue to make to the ongoing safety and operational 
improvements at the Kroondal mine; the leadership shown by the Kroondal mine's 
management team during the negotiation process and the constructive and mature 
manner in which the NUM and Solidarity conducted the wage negotiations. 
 
The successful conclusion of the wage agreements are a significant positive 
development for the company. AQPSA is extremely proud of its workforce which 
continued to work without interruption to maintain its operating performance 
throughout the negotiation process. 
 
For further information please contact: 
 
Jean Nel - CEO 
[phone] 
 
Willi Boehm - Company Secretary 
[phone] 
 
For media enquiries: Charmane Russell or Janet Whitaker 
[phone] 
[phone] 
 
or visit: www.aquariusplatinum.com 
 
 
 
END